The GovCon Index closed at a nominal gain of 0.058 points to 75.356 after a strong close to the previous week as declines in energy shares and Apple weighed on U.S. markets.
The Index is up 7.8 percent for the month of October so far after a choppy September and third-quarter decline of 3.8 percent.
Investors anticipate the release of Apple’s quarterly financial results Tuesday and the Federal Reserve‘s two-day policy meeting Tuesday and Wednesday, according to Reuters.
Traders have priced in 6-percent odds of an interest rate hike at the upcoming meeting and 39 percent on an increase at the central bank’s December meeting, Reuters said.
Index companies Orbital ATK (NYSE: OA) and Textron (NYSE: TXT) will report earnings Tuesday.
Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.
Top GovCon Index Gainers
| Company | $ Current Price | $ Change | % Change |
|---|---|---|---|
| Maximus | 66.51 | +1.08 | +1.65% |
| McKesson Corp. | 189.54 | +2.58 | +1.38% |
| Health Net | 63.38 | +0.62 | +0.99% |
| Orbital ATK | 82.48 | +0.78 | +0.95% |
| Lockheed Martin | 220.94 | +1.62 | +0.74% |
Market Summary
| Advancing Issues | 12 |
| Declining Issues | 17 |
| Unchanged Issues | 1 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 75.356 | +0.044 | +0.058% |
| S&P 500 | 2, 071.78 | -3.97 | -0.19% |
| Dow Jones Industrial Average | 17, 623.05 | -23.65 | -0.13% |
| NASDAQ | 5, 034.70 | +2.84 | +0.06% |
